The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,520 shares, a drop of 70.1% from the August 15th total of 5,084 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 42,193 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On The Central and Eastern Europe Fund
Several large investors have recently modified their holdings of CEE. Osaic Holdings Inc. bought a new stake in shares of The Central and Eastern Europe Fund during the second quarter valued at approximately $128,000. XTX Topco Ltd purchased a new stake in shares of The Central and Eastern Europe Fund during the 2nd quarter valued at approximately $179,000. Susquehanna International Group LLP purchased a new stake in shares of The Central and Eastern Europe Fund in the second quarter worth about $282,000. Raymond James Financial Inc. raised its position in shares of The Central and Eastern Europe Fund by 8.4% in the second quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock worth $259,000 after buying an additional 1,291 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of The Central and Eastern Europe Fund by 67.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 31,768 shares of the closed-end fund’s stock valued at $581,000 after buying an additional 12,793 shares in the last quarter. 34.41% of the stock is currently owned by institutional investors and hedge funds.
The Central and Eastern Europe Fund Stock Up 0.3%
Shares of NYSE:CEE traded up $0.06 during trading on Friday, hitting $20.00. 10,309 shares of the company were exchanged, compared to its average volume of 27,137. The Central and Eastern Europe Fund has a 1-year low of $14.76 and a 1-year high of $21.98. The business’s 50 day moving average is $20.64 and its 200-day moving average is $20.17.
About The Central and Eastern Europe Fund
The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end management investment company that seeks to provide shareholders with long-term growth of capital and a high level of current income. Since its initial public offering in 1994, the fund has focused on equity and equity-related securities of companies operating in Central and Eastern Europe. Shares of CEE are traded on the New York Stock Exchange, offering U.S. investors direct exposure to the economic growth and development of this dynamic region.
CEE’s investment strategy combines a macroeconomic top-down framework with rigorous bottom-up security selection.
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